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FedEx to Offer Buyouts to Cut Costs

Published: Monday, August 13, 2012 at 9:49 p.m.

Last Modified: Monday, August 13, 2012 at 9:49 p.m.

FedEx Corp., the second-largest shipping company in the world, will offer voluntary buyouts to U.S. employees to cut costs and boost efficiency, the company said Monday. The Memphis, Tenn.-based company didn't say how many workers it hopes to shed - just that it will provide more details during an investors meeting in early October. Among the more than 300,000 FedEx employees, the "vast majority" of buyouts will likely come from the company's express and services units. Workers nearing retirement are also eligible, the company said.

<p>FedEx Corp., the second-largest shipping company in the world, will offer voluntary buyouts to U.S. employees to cut costs and boost efficiency, the company said Monday. The Memphis, Tenn.-based company didn't say how many workers it hopes to shed - just that it will provide more details during an investors meeting in early October. Among the more than 300,000 FedEx employees, the "vast majority" of buyouts will likely come from the company's express and services units. Workers nearing retirement are also eligible, the company said.</p><!-- Nothing to do. The paragraph has already been output -->